TLRY - Cannabis Stocks Gear Up For Germany's New Market: Check Out Who's Set To Win Big | Benzinga
Following Germany's vote this past Friday to legalize limited cannabis possession, cannabis stocks got a significant boost before leveling out. Germany is, after all, the largest country in Europe.
Curaleaf Holdings (OTCQX: CURLF), the largest U.S. cannabis company by market cap, rose following the news, as did Trulieve Cannabis Corp. (OTCQX: TCNNF), Green Thumb Industries (OTCQX: GTBIF) and Cresco Labs (OTCQX: CRLBF).
Tilray (NASDAQ: TLRY) and Aurora Cannabis (NASDAQ: ACB), Canadian companies that supply Germany's medical marijuana market showed mixed results…but that will soon change.
Why?
In an email to Benzinga, analyst Pablo Zuanic noted that despite online clinics and pharmacies making access easier, there are still very few medical marijuana patients in Germany — though with the new regulations, there’s enormous growth potential. He referred to Canadian exporters Tilray and Aurora as among the best positioned to benefit as they are already major ...